DEVELOPMENT Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt (MW) hydroelectric power plant in Bukidnon in line with the national government's efforts to expand new and sustainable energy sources, a top official said.

DBP President and CEO Michael de Jesus said the loan granted to Investco BHPI Inc. was made under the bank's Financing Utilities for Sustainable Energy Development (Fused) program, which seeks to help increase access to electricity services particularly in the countryside.